The new film, currently being shot in Sydney, is part of Screen Australia’s Springboard Initiative.

The government-funded program encourages filmmakers to develop a short film that draws inspiration from a completed feature screenplay.

Whereas Miracle Fish was set in a primary school, Cryo takes place on a spaceship. It is the story of a group of people on their way to colonize a new planet. When their ship is hit by a meteorite, a fight for survival ensues.

Two members of the cast from Miracle Fish (Karl Beattie and Brendan Donoghue) return.

After the success of their last venture, Bailey admits there is a lot riding on the project.

“There is a little bit of pressure,” he says. “People expect so much of us now.”

If the film does well, the pair hope their feature film Cargo – based on Cryo – will get the greenlight.

Bailey describes it as a “sci-fi extravaganza.”

“In the end, it’s not what we’ve done in the past that’s important, but what we do next.”